2024-05-12T18:29:01-05:00 2023-06-30 205991824 SC&H TAX AND ADVISORY SERVICES LLC 910 RIDGEBROOK ROAD SPARKS MD 21152 990 2022-07-01 521535426 B&O RAILROAD MUSEUM INC B&OR 4107522490 901 WEST PRATT STREET BALTIMORE MD 21223 KRIS HOELLEN EXECUTIVE DIRECTOR 4107522490 2024-05-10 1 KRIS HOELLEN 999009999 0 PAUL SHIFRIN P02050105 4104031500 2024-05-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z KRIS HOELLEN 901 WEST PRATT STREET BALTIMORE MD 21223 14074011 0 X WWW.BORAIL.ORG X 1987 MD TO PRESERVE THE PHYSICAL LEGACY AND THE EXPERIENCE OF AMERICAN RAILROADING AND TO DEVELOP PROGRAMS WHICH BROADEN AND DEEPEN PUBLIC APPRECIATION OF THE PAST, PRESENT AND FUTURE SIGIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE BY COLLECTING, PRESERVING, AND INTERPRETING HISTORICAL RAILROAD DOCUMENTS, DATA, ETC. THE MUSEUM OFFERS REGULARLY SCHEDULED TRAIN RIDES, DEMONSTRATIONS OF HISTORIC RAILROADING EQUIPMENT IN THE ROUNDHOUSE, AND TOURS OF OUR SHOP FACILITY WHERE VISITORS CAN WITNESS CRAFTSMEN ACTIVELY RESTORE HISTORIC LOCOMOTIVES. THE MUSEUM ALSO OFFERS MAJOR PUBLIC PROGRAMS FOCUSED ON EARLY CHILDHOOD EDUCATION AND RAILROAD CULTURE. 34 34 81 54 0 0 3845380 8669387 1768342 1935955 509807 390256 295371 611132 6418900 11606730 0 0 0 0 2030075 2446712 0 0 554219 2941155 3243035 4971230 5689747 1447670 5916983 28054083 34326988 1737343 1514278 26316740 32812710 X TO PRESERVE THE PHYSICAL LEGACY AND THE EXPERIENCE OF AMERICAN RAILROADING, TO INTERPRET AND PRESENT ITS HISTORY TO THE WIDEST POSSIBLE AUDIENCE AND TO DEVELOP PROGRAMS WHICH BROADEN AND DEEPEN PUBLIC APPRECIATION OF THE PAST, PRESENT AND FUTURE SIGNIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE, ESPECIALLY IN THE CITY OF BALTIMORE, STATE OF MARYLAND, AND THE REGION. 0 0 4645895 1935955 DEVELOPMENT OF PROGRAMS WHICH BROADEN AND DEEPEN THE PUBLIC APPRECIATION OF THE SIGNIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE BY COLLECTING, PRESERVING, AND INTERPRETING HISTORICAL RAILROAD DOCUMENTS, DATA, ETC. THE MUSEUM OFFERS REGULARLY SCHEDULED TRAIN RIDES, DEMONSTRATIONS OF HISTORIC RAILROADING EQUIPMENT IN THE ROUNDHOUSE, AND TOURS OF OUR SHOP FACILITY WHERE VISITORS CAN WITNESS CRAFTSMEN ACTIVELY RESTORE HISTORIC LOCOMOTIVES. THE MUSEUM ALSO OFFERS MAJOR PUBLIC PROGRAMS FOCUSED ON EARLY CHILDHOOD EDUCATION AND RAILROAD CULTURE. 18258 TO OPERATE AND MAINTAIN AN EQUESTRIAN FACILITY FOR MUSEUM PROGRAMMING AND SECURITY 4664153 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 1 54 0 81 0 0 0 0 0 0 1 1 0 0 0 0 X 34 34 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 MD X X KRIS HOELLEN 4107522490 901 WEST PRATT STREET BALTIMORE MD 21223 FRANCIS X SMYTH CHAIRMAN 5.00 0.00 X X 0 0 0 SUZZANNE DECKER CORPORATE SECRETARY 5.00 0.00 X X 0 0 0 GREGORY FARNO TREASURER 5.00 0.00 X X 0 0 0 SUHAIR AL KHATIB BOARD MEMBER 1.00 0.00 X 0 0 0 CATHRIN BANKS BOARD MEMBER 1.00 0.00 X 0 0 0 STEVE J BANKS BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW DAVIS BOARD MEMBER 1.00 0.00 X 0 0 0 RONALD W DRUCKER BOARD MEMBER 1.00 0.00 X 0 0 0 RIAN HARGRAVE BOARD MEMBER 1.00 0.00 X 0 0 0 ERIC THOMAS HENDRICKSON BOARD MEMBER 1.00 0.00 X 0 0 0 GERRY M HILLER BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN JACOBY BOARD MEMBER 1.00 0.00 X 0 0 0 JOHN MAGNESS BOARD MEMBER 1.00 0.00 X 0 0 0 ALAN L MCCRUM BOARD MEMBER 1.00 0.00 X 0 0 0 THOMAS PILKERTON BOARD MEMBER 1.00 0.00 X 0 0 0 GREGORY C PINKARD BOARD MEMBER 1.00 0.00 X 0 0 0 GEORGE S RICH BOARD MEMBER 1.00 0.00 X 0 0 0 JAMES E ROSS BOARD MEMBER 1.00 0.00 X 0 0 0 CRAIG D ROSWELL BOARD MEMBER 1.00 0.00 X 0 0 0 ADAM F SANDY BOARD MEMBER 1.00 0.00 X 0 0 0 JANE M SHAAB BOARD MEMBER 1.00 0.00 X 0 0 0 PETER J SHUDTZ BOARD MEMBER 1.00 0.00 X 0 0 0 GERALD STONE BOARD MEMBER 1.00 0.00 X 0 0 0 GAYNELLE SWAN BOARD MEMBER 1.00 0.00 X 0 0 0 BRIAN TUCKER BOARD MEMBER 1.00 0.00 X 0 0 0 PETER J VASCO BOARD MEMBER 1.00 0.00 X 0 0 0 MARVIN H WEINER BOARD MEMBER 1.00 0.00 X 0 0 0 ANDREW C WILSON BOARD MEMBER 1.00 0.00 X 0 0 0 JOSH WARFIELD BOARD MEMBER 1.00 0.00 X 0 0 0 BRITTANY BRAMHALL BOARD MEMBER 1.00 0.00 X 0 0 0 JOSEPH DAVIS BOARD MEMBER 1.00 0.00 X 0 0 0 KRIS HOELLEN EXECUTIVE DIRECTOR 40.00 0.00 X 234985 0 35600 JONATHAN GOLDMAN CHIEF CURATOR 40.00 0.00 X 127465 0 30056 JOANNE WOOLLEY CHIEF DEVELOPMENT OFFICER 40.00 0.00 X 128070 0 29633 STEVE JOHNSON FACILITIES DIRECTOR 40.00 0.00 X 103963 0 821 594483 0 96110 4 0 1 0 CROWN FOODS INC 7719 BALTIMORE ANNAPOLIS BLVD GLEN BURNIE MD 21060 FOOD SERVICE PROVIDER 136763 1 159993 203343 712829 7593222 20168 8669387 ADMISSIONS 713990 1935955 1935955 1935955 199254 199254 32295 32295 362408 0 362408 362408 362408 2363898 2172896 191002 191002 191002 134607 203343 137787 -3180 -3180 277527 156598 120929 120929 MISCELLANEOUS FEES 812900 98680 98680 98680 11606730 1935955 0 1001388 X 633043 329240 158992 144811 1456916 1277620 50214 129082 31558 20637 4960 5961 184926 151339 24622 8965 140269 97734 21897 20638 94000 5386 88614 41192 41192 54058 54058 1016666 911460 9244 95962 43072 43058 14 191315 170611 1487 19217 186823 171753 8809 6261 449030 435633 13397 169448 167421 1702 325 56976 56882 94 569029 569029 146065 98646 47419 MISC EXPENSES 148527 136756 11253 518 FINANCE AND BANKING 38408 2690 35418 300 DONATED GOODS EXPENSE 20168 20168 FIRST MILE STABLE 18258 18258 5689747 4664153 471375 554219 950404 480270 708104 1771950 1226983 6005529 93070 90861 80441 72461 34660 47410 22029125 7162680 14734817 14866445 10151931 10852265 73673 95880 43917 28054083 34326988 339821 562146 88000 75194 977691 837245 331831 39693 1737343 1514278 X 24298804 24298219 2017936 8514491 26316740 32812710 28054083 34326988 5916983 578985 0 X X 0 1 X 1 0 X 1705951 2510120 2943723 3845380 8735703 19740877 1705951 2510120 2943723 3845380 8735703 19740877 5303234 14437643 470438 296673 253135 345270 593957 1959473 95970 258836 86218 71860 98680 611564 22311914 8430984 0.64710 0.83230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 94000 0 0 94000 0 X X X X 0 14985175 8407368 969241 0 24361784 11963999 4380244 -1359068 0 14985175 10414832 2435542 886375 11963999 10569844 432102 587114 10414832 10319654 636120 385930 10569844 0 0 4341478 4341478 5707292 2394183 3313109 11202825 4156255 7046570 704967 569475 135492 72563 42767 29796 14866445 LEASE LIABILITIES 39693 39693 X 12288381 578985 156598 735583 11552798 53932 53932 11606730 5792287 156598 156598 5635689 54058 54058 5689747 PART III, LINE 1A: THE MUSEUM'S COLLECTION IS MADE UP OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, INCLUDING LOCOMOTIVES, ROLLING STOCK, HISTORIC VEHICLES, MANUSCRIPTS, BOOKS, FINE ART, PHOTOGRAPHS, AND OTHER DECORATIVE AND ARCHIVAL MATERIALS. HISTORIC BUILDINGS INCLUDE THE MT. CLARE STATION (1851), THE PASSENGER CAR SHOP (THE ROUNDHOUSE) (1884), THE ANNEX (1884), THE NORTH PASSENGER CAR SHOP (1869) AND THE SOUTH PASSENGER CAR SHOP (1870). THE MUSEUM'S COLLECTION, WHICH WAS ACQUIRED THROUGH PURCHASES AND CONTRIBUTIONS SINCE THE MUSEUM'S INCEPTION AND CONSISTS OF VARIOUS ARTIFACTS OF HISTORICAL SIGNIFICANCE, IS NOT RECOGNIZED AS AN ASSET ON THE STATEMENT OF FINANCIAL POSITION. PURCHASES OF COLLECTION ITEMS ARE RECORDED AS DECREASES IN NET ASSETS WITHOUT DONOR RESTRICTIONS IN THE YEAR IN WHICH THE ITEMS ARE ACQUIRED OR AS DECREASES IN NET ASSETS WITH DONOR RESTRICTIONS IF THE NET ASSETS USED TO PURCHASE THE ITEMS ARE RESTRICTED BY DONORS. CONTRIBUTED COLLECTION ITEMS ARE NOT REFLECTED ON THE FINANCIAL STATEMENTS. PROCEEDS FROM DEACCESSIONS OR INSURANCE RECOVERIES ARE REFLECTED AS INCREASES IN THE APPROPRIATE NET ASSET CLASSES. PART III, LINE 4: THE MUSEUM'S COLLECTION CONSISTS OF ARTIFACTS OF HISTORICAL SIGNIFICANCE, INCLUDING HISTORICAL BUILDINGS, LOCOMOTIVES, ROLLING STOCK, HISTORIC VEHICLES, MANUSCRIPTS, BOOKS, FINE ART, PHOTOGRAPHS, AND OTHER DECORATIVE AND ARCHIVAL MATERIALS. THIS COLLECTION IS ON PUBLIC DISPLAY AND IS USED FOR EDUCATIONAL AND RESEARCH PURPOSES IN ACCORDANCE WITH THE ORGANIZATIONS MISSION TO PRESERVE THE PHYSICAL LEGACY AND EXPERIENCE OF AMERICAN RAILROADING, AND TO INTERPRET AND PRESENT ITS HISTORY TO THE WIDEST POSSIBLE AUDIENCE. THE COLLECTION IS INTENDED TO DEVELOP PROGRAMS WHICH BROADEN AND DEEPEN PUBLIC APPRECIATION OF THE PAST, PRESENT AND FUTURE SIGNIFICANCE OF THE RAILROAD INDUSTRY IN THE DEVELOPMENT OF AMERICAN LIFE, ESPECIALLY IN THE CITY OF BALTIMORE, STATE OF MARYLAND, AND THE REGION. PART V, LINE 4: THE MUSEUM'S BOARD DESIGNATED NET ASSETS ARE COMPOSED OF AN ENDOWMENT THAT CONSISTS OF MULTIPLE FUNDS ESTABLISHED FOR A VARIETY OF PURPOSES AND OTHER ASSETS THAT THE BOARD OF DIRECTORS HAVE DESIGNATED FOR CERTAIN PURPOSES. THE ENDOWMENT INCLUDES FUNDS DESIGNATED BY THE BOARD OF DIRECTORS TO FUNCTION AS ENDOWMENTS. PART X, LINE 2: ASC 740, INCOME TAXES, PRESCRIBES THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. IT ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. FOR THOSE BENEFITS TO BE RECOGNIZED, A TAX POSITION MUST BE MORE-LIKELY-THAN-NOT TO BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE AMOUNT RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE MUSEUM RECOGNIZES INTEREST AND PENALTIES ACCRUED ON ANY UNRECOGNIZED TAX EXPOSURES AS A COMPONENT OF INCOME TAX EXPENSE. THE MUSEUM DOES NOT HAVE ANY AMOUNTS ACCRUED RELATING TO INTEREST AND PENALTIES AS OF JUNE 30, 2023 AND 2022. PART XI, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD NETTED WITH SALES 156,598. PART XII, LINE 2D - OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD NETTED WITH SALES 156,598. ROYAL BLUE (GOLF TOURNAMENT) 337950 203343 134607 12 133973 3802 337950 203343 134607 12 133973 3802 137787 -3180 X X 0 0 0 0 0 0 0 0 0 KRIS HOELLEN EXECUTIVE DIRECTOR 234985 0 0 0 0 0 0 0 35600 0 270585 0 0 0 JOANNE WOOLLEY CHIEF DEVELOPMENT OFFICER 128070 0 0 0 0 0 0 0 29633 0 157703 0 0 0 JONATHAN GOLDMAN CHIEF CURATOR 127465 0 0 0 0 0 0 0 30056 0 157521 0 0 0 X INVENTORY 24 20168 FMV 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE GOVERNING BODY AND FINANCE COMMITTEE REVIEW AND APPROVE THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION CONTINUOUSLY MONITORS AND ENFORCES THEIR CONFLICT OF INTEREST POLICY. EACH YEAR EVERY BOARD MEMBER SIGNS A CONFLICT OF INTEREST STATEMENT STATING THEY HAVE NO CONFLICTS OF INTEREST RELATING TO ISSUES SUBJECT TO BOARD ACTION AND APPROVAL. IN ADDITION, ANY PAYMENTS TO ANY EXTERNAL PARTY RELATED TO A BOARD MEMBER IS DISCLOSED TO THE ENTIRE BOARD. IF A CONFLICT IS PERCEIVED THAT A BOARD MEMBER DOES NOT BELIEVE IS A CONFLICT, IT WOULD BE DISCUSSED BY THE EXECUTIVE COMMITTEE, AND IF NECESSARY, IT MIGHT CHOOSE TO REQUIRE THE BOARD MEMBER TO RECUSE HIM/HERSELF FROM ANY DISCUSSION OR BOARD ACTION. ISSUES RELATED TO ANY POTENTIAL CONFLICT OF INTEREST AT THE STAFF LEVEL ARE COVERED IN THE MUSEUM'S PERSONNEL POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION OF EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE. TOP MANAGEMENT IS REVIEWED AND DETERMINED BY THE EXECUTIVE DIRECTOR AND APPROVED BY THE EXECUTIVE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. IN ADDITION, THE FINANCIAL STATEMENTS AND ANNUAL REPORT ARE AVAILABLE ONLINE VIA WWW.BORAIL.ORG. THE FORM 990 IS MADE AVAILABLE VIA WWW.GUIDESTAR.ORG. FORM 990, PART IX, LINE 11G HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 19,255. MANAGEMENT AND GENERAL EXPENSES 8,945. FUNDRAISING EXPENSES 3,510. TOTAL EXPENSES 31,710. EVENT CONTRACTORS: PROGRAM SERVICE EXPENSES 145,800. MANAGEMENT AND GENERAL EXPENSES 175. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 145,975. MISCELLANEOUS CONTRACTORS: PROGRAM SERVICE EXPENSES 200,599. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 200,599. COMMISSON: PROGRAM SERVICE EXPENSES 350,706. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 2. TOTAL EXPENSES 350,708. CAMPUS TRANSFORMATION CAMPAIGN: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 90,190. TOTAL EXPENSES 90,190. SECURITY: PROGRAM SERVICE EXPENSES 184,012. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,012. PART-TIME AND STAFF DEVELOPMENT: PROGRAM SERVICE EXPENSES 11,088. MANAGEMENT AND GENERAL EXPENSES 124. FUNDRAISING EXPENSES 2,260. TOTAL EXPENSES 13,472. FORM 990, PAGE 12, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS FROM THE PRIOR YEAR. FIRST MILE STABLE CHARITABLE FOUNDATION LLC 901 WEST PRATT STREET BALTIMORE MD 21223 TO SUPPORT THE CHARITABLE AND OTHER RELATED PURPOSES OF THE MUSEUM MD B&O RAILROAD MUSEUM